What is the difference between Opt out and Waive?
Opting out only pertains to medical coverage and you must have other group coverage to opt out of the OEBB medical plans. If you choose not to enroll in the dental and/or vision plans, it is considered a waive. You also may choose to waive all OEBB benefits if you do not have other medical coverage. See the OEBB administrative rule below regarding opting out and waiving” OAR 111-040-0050 “Opting out of coverage” means that an individual elects not to enroll in a medical plan and is eligible to receive a portion of the cash contribution or other type of remuneration as provided for under a collective bargaining agreement, documented district policy, or employment contract. “Waiving benefits” means that an individual elects not to enroll in any one of the benefit plans available under the OEBB-sponsored benefits program and is not eligible to receive any portion of a cash contribution or other type of remuneration.
